U.S. Core CPI Up 0.2% in July; Rate-Hike Pressure on Fed May Ease
AI Market Summary
U.S. July core CPI rose 0.2% m/m and 2.5% y/y, reinforcing disinflation and reducing perceived urgency for additional Fed tightening. Softer core inflation typically lowers near-term rate-hike probabilities, supporting risk appetite and easing financial conditions. The immediate market focus is likely on USD and front-end rates as expectations shift toward a steadier or more accommodative policy path.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT-0.07%
AI Insight · NCSIDXY2USD/USDTAI Insight
▲ Bullish
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ME News reported on Aug. 12 (UTC+8) that U.S. inflation data for July came in softer on the core measure, potentially reducing pressure on the Federal Reserve to lift interest rates further. Figures released Wednesday by the U.S. Bureau of Labor Statistics showed core CPI—excluding food and energy—rose 0.2% month over month in July. On a year-over-year basis, core CPI increased 2.5%, tying the slowest pace since March 2021. Headline CPI rose 0.1% month over month and 3.4% year over year in July. (Jin10) (Source: ODAILY)
